wow. you guys are great how quick you answer.
Does this help clarify:
1. we sold the home, I was given 75% of the net proceeds, and my wife 25% of the net proceeds, per the terms of our divorce.
2. we were both issued separate 1099-s forms that reported 50% of gross for her and I.
3. Question: What should the 1099-s actually have reported? Should it have reported 75% of gross for me and 25% of gross for my wife?
4. The settlement company offered to change the 1099-s to whatever we want.
Thx!
